StockData
Forward Air Corp logo

Forward Air Corp (FWRD) stock

FWRDNasdaqArrangement of Transportation of Freight & CargoFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 3/30
$17.39+0.23 (+1.34%)

Close on Nov 13, 2026Market cap $587.45MP/E –Yield 0.00%

Forward Air operating margin

Operating margin is operating income as a percentage of revenue.

Forward Air's operating margin for the twelve months ending Sep 30, 2026 was -5.5%. For fiscal 2025 it was 1.5%, against -43.0% the year before. The highest annual figure on record is 14.8% in fiscal 2008.

Annual operating margin

PeriodPeriod endValueChange (pts)
FY2025Dec 31, 20251.5%+44.4
FY2024Dec 31, 2024-43.0%−49.4
FY2023Dec 31, 20236.4%−8.3
FY2022Dec 31, 202214.7%+4.1
FY2021Dec 31, 202110.6%+4.8
FY2020Dec 31, 20205.8%−3.4
FY2019Dec 31, 20199.3%−1.1
FY2018Dec 31, 201810.3%+1.0
FY2017Dec 31, 20179.3%+3.5
FY2016Dec 31, 20165.8%−2.7
FY2015Dec 31, 20158.5%−3.8
FY2014Dec 31, 201412.3%−0.6
FY2013Dec 31, 201312.9%−1.4
FY2012Dec 31, 201214.3%−0.1
FY2011Dec 31, 201114.4%+3.3
FY2010Dec 31, 201011.1%+6.7
FY2009Dec 31, 20094.4%−10.4
FY2008Dec 31, 200814.8%–

Quarterly operating margin

Change is against the same quarter a year earlier.

PeriodPeriod endValueChange (pts)
Q3 FY2026Sep 30, 20266.5%+4.1
Q2 FY2026Jun 30, 2026-29.9%−33.1
Q1 FY2026Mar 31, 20263.5%+2.7
Q4 FY2025Dec 31, 2025-0.5%−12.4
Q3 FY2025Sep 30, 20252.4%−1.1
Q2 FY2025Jun 30, 20253.2%+173.4
Q1 FY2025Mar 31, 20250.8%+12.9
Q4 FY2024Dec 31, 202412.0%+11.1
Q3 FY2024Sep 30, 20243.5%+0.0
Q2 FY2024Jun 30, 2024-170.2%−178.1
Q1 FY2024Mar 31, 2024-12.1%−25.3
Q4 FY2023Dec 31, 20230.9%−9.8
Q3 FY2023Sep 30, 20233.4%−13.1
Q2 FY2023Jun 30, 20237.9%−9.2
Q1 FY2023Mar 31, 202313.2%−1.1
Q4 FY2022Dec 31, 202210.7%−10.8
Q3 FY2022Sep 30, 202216.5%+6.4
Q2 FY2022Jun 30, 202217.1%+7.1
Q1 FY2022Mar 31, 202214.3%+8.0
Q4 FY2021Dec 31, 202121.5%+15.6
Q3 FY2021Sep 30, 202110.1%+3.0
Q2 FY2021Jun 30, 202110.0%+5.1
Q1 FY2021Mar 31, 20216.3%+1.1
Q4 FY2020Dec 31, 20205.9%−4.4
Q3 FY2020Sep 30, 20207.1%−2.2
Q2 FY2020Jun 30, 20204.9%−4.7
Q1 FY2020Mar 31, 20205.2%−3.7
Q4 FY2019Dec 31, 201910.3%+0.4
Q3 FY2019Sep 30, 20199.3%+0.3
Q2 FY2019Jun 30, 20199.6%−0.4
Q1 FY2019Mar 31, 20198.9%+0.9
Q4 FY2018Dec 31, 20189.8%+1.3
Q3 FY2018Sep 30, 20189.0%−0.1
Q2 FY2018Jun 30, 201810.0%−0.6
Q1 FY2018Mar 31, 20188.0%−1.1
Q4 FY2017Dec 31, 20178.6%−2.1
Q3 FY2017Sep 30, 20179.1%–
Q2 FY2017Jun 30, 201710.6%–
Q1 FY2017Mar 31, 20179.1%–
Q4 FY2016Dec 31, 201610.7%–

More Forward Air figures

See a number that looks wrong?